Stocks on Monday rebounded from Friday's selloff, which was prompted by the Federal Reserve's indications that it could boost interest rates and begin tapering asset purchases sooner than expected.
Here are some of the market's biggest gainers for Monday:
1. Raven Industries | Percentage Increase 49%
CNH will pay $58 a share for Raven, a 34% premium to Raven’s four-week volume-weighted average stock price.
2. MediciNova | Percentage Increase 12%
The testing found that ibudilast reduced the odds of heavy drinking over time by 45% relative to placebo.
3. Lydall | Percentage Increase 85%
Lydall (LDL) - Get Report blasted higher after the filtration materials maker said it agreed to a $62.10-a-share cash bid from Unifrax, a specialty-materials company backed by the private-equity firm Clearlake Capital.
Lydall, which is based in Manchester, Conn., has a market capitalization of $1.09 billion. The companies put the enterprise value of the deal at $1.3 billion.
4. Torchlight Energy | Percentage Increase 58%
The Plano, Texas, company on Monday said it agreed to extend the date by which the company must close its merger with Canada's Metamaterial to June 30.
5. Kohl's | Percentage Increase 6.1%
The company said it will have a WOW Deals shopping event during the same two-day period as Prime Day. It will feature sales across its home, apparel, beauty, and toys categories.